House prices at record high

April 29, 2015

The price of a typical home in the UK rose by 1% between March and April, according to the latest figures from the Nationwide House Price Index, this is the largest monthly rise since June 2014.

UK  house price growth rose an annual rate of 5.2 per cent in April, a small rise from the fgure of 5.2% in March . This put the average cost of a house in the UK at £193,048, that is the  highest since records began.

Nationwide’s chief economist Robert Gardner is reported as saying, “The pick up in growth price has occurred even though the pace of activity in the housing market has remained fairly subdued in recent months. Indeed, the number of mortgage approvals is still well below its long run average and 20% below the levels recorded in early 2014.

The strength of the economy and relatively subdued pace of activity in the housing market remains something of anomoly.It is possible that heightened uncertainty ahead of the election is weighing on activity, though there is no compelling evidence from previous UK elections to suggest a strong impact.

Healthy labour market conditions and continued low mortgage rates should help to underpin housing demand in the quarters ahead”

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Propertymark urges households to check carbon monoxide alarms and heating systems

As temperatures drop and households across the UK rely more heavily on boilers, gas fires, and open flames, Propertymark is urging everyone to take simple steps to protect themselves from the dangers of carbon monoxide (CO), the “silent killer.” Carbon monoxide has no smell, taste, or colour, yet even small amounts can cause a serious…
Read More →
Estate Agent Talk

Autumn Budget 2025: Key advice for homeowners, buyers and landlords

The UK’s Autumn Budget delivered several headline-grabbing policies that will directly shape the future of the housing market. While initial reactions ranged from concern to confusion, property experts say the sector should take a measured, informed view, particularly as many changes won’t take effect for several years. From understanding who is going to face implications,…
Read More →
Estate Agent Talk

Choosing the Right Apartment Size in Centennial

Finding the right apartment size is one of the most important decisions renters make when moving to Centennial. Whether you’re new to the area or relocating within the Denver metro, choosing the correct floor plan can shape everything from your daily comfort to how well the space fits your lifestyle. Many renters begin their search…
Read More →
Breaking News

Top tips to dent curb appeal

Top tips for high-net worth homeowners to dent curb appeal and dodge mansion tax The latest analysis by London lettings and estate agent, Benham and Reeves, has revealed how high net worth homeowners could, in theory, dent the curb appeal of their property in an attempt to mitigate the impact of last week’s Budget announcement,…
Read More →
Breaking News

Half of borrowers want two-year fixed mortgage deals

New data from Moneyfactscompare.co.uk shows that: Nearly half (49%) of borrowers comparing mortgage deals in November 2025 were considering two-year fixed-rate options. This shorter-term deal was favoured by first-time buyers (70%) and remortgage customers (62%), while second-time buyers showed more variation, with 45% leaning towards five-year or longer terms. Despite higher overall mortgage rates, 7% of…
Read More →
new build homes colchester essex
Breaking News

Build to rent completions continue to rise at pace

New analysis from Property Inspect, a leading provider of inspection and compliance technology, reveals that the UK’s build to rent (BTR) sector with over 3,700 new units completed in the last quarter alone, but with the number of units under construction falling -12.5% on the year, is the supply pipeline about to dry up? Property…
Read More →